EXTRINSIC FACTORS AND INVESTMENT PROJECTS FAILURE IN RWANDA. CASE OF INVESTMENT PROJECTS FINANCED BY DEVELOPMENT BANK OF RWANDA
Journal Title: European Journal of Business and Social Sciences - Year 2016, Vol 5, Issue 7
Abstract
Projects make a vital contribution to industrialization and hence the growth of a nation's economy. The importance of projects in the development of any nation cannot be overemphasized. Despite the increased project management awareness some projects still fail. The general objective of this study was to investigate the effect of extrinsic factors on the failure of investment projects in Rwanda. This research sought to answer these research questions: To what extent do political factors lead to failure of investment projects financed by Development Bank of Rwanda (BRD)? To what extent do environmental factors lead to failure of investment projects financed by BRD? To what extent do regulation and legal factors lead to failure of investment projects financed by BRD? And to what extent do economic factors lead to failure of investment projects financed by BRD. The research adopted descriptive design to collect the quantitative and qualitative data. The target population for the study was 58. The sample size of the study was 58 respondents from the three departments and project beneficiary who were purposively selected. Fiftythree respondents answered the questionnaires. The research study used a questionnaire as instrument for primary data collection. Secondary data was obtained from relevant literature like journals, internet and books. Quantitative data was analysed through the use of frequency distribution, mean scores and standard deviations. From the study, many factors were identified as extrinsic causes of investment project failure. In conclusion, the study found out that there were a number of extrinsic factors that caused investment projects failure among projects financed by BRD. In general, extrinsic factors contributed to some extent to the failure of investment projects. As part of recommendations, project managers should ensure commitment to the key stakeholders and re-commitment whenever change arises and visibility of these commitments. In addition, monitoring and evaluation can lead to timely implementation of projects, the right project organizational structure as well as good financial accountability and management, provision of sufficient resources as and when required and good project resource planning and controlling.
Authors and Affiliations
Kagabo Marie Therese| Jomo Kenyatta University of Agriculture and Technology, Kigali, Rwanda, Dr. Mbabazi Mbabazize| Jomo Kenyatta University of Agriculture and Technology, Kigali, Rwanda, Dr. Mbera Zenon| Jomo Kenyatta University of Agriculture and Technology, Kigali, Rwanda
Keywords
Related Articles
- EP ID EP10827
- DOI -
- Views 336
- Downloads 20
FAMILY, BUSINESS, AND OWNERSHIP: INFLUENCE OF FAMILY BUSINESSES ON CORPORATE SOCIAL RESPONSIBILITY
The social responsibility of family businesses is little studied, especially in developing economies. This study aims to determine the level of influence of the company, family, and ownership and the ability of the fa...
AFRICA’S RURAL COMMUNITIES AS KNOWLEDGE PROSPECTING DOMAINS FOR EMERGING eâ€BUSINESS MODELS
The research reported in this paper is a continuing exploration of the concept of Knowledge Prospect Domains (KPD). It is an attempt to discern its applicability to characterize African rural communit...
IDENTIFICATION OF FACTORS INVOLVED IN FORESIGHT PROJECT EFFECTS ASSESSMENT
In recent decades, foresight has been considered as an efficient tool to succeed in governmental and private sectors policy making, and many institutions use this technique to achieve the goals with long-term horizon,...
ASSESSMENT OF WOMEN ECONOMIC EMPOWERMENT AS A PANACEA FOR SOCIAL CHANGE IN YAKURR LOCAL GOVERNMENT AREA
Many critique have raised the question why there is a wide gap between women and men participation in economic development and social change in our society. It is on this backdrop that this paper wishes to critically...
SMES’ ACCESS TO FINANCE: AN OVERVIEW FROM SOUTHERN ITALY
In EU, despite Small and Medium Enterprises (SMEs) have a significant impact to the economy, they haven't adequate attention. Particularly, various researchers have focused their attention on larger and listed firms....